Redis Labs becomes a unicorn after $100m fundraising

Redis Labs becomes a unicorn after $100m fundraising

Photo by Glenn Carstens-Peters on Unsplash

Database software startup Redis Labs has raised a $100-million Series F round led by Bain Capital Ventures and TCV, at a valuation of over $1 billion. Existing investors Francisco Partners, Goldman Sachs Growth, Viola Ventures and Dell Technologies Capital also participated in the round.

Redis Labs, known for its open-source database, has so far raised over $246 million.

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